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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest Income    
Loans, including fees $ 13,290 $ 10,470
Investment securities 1,994 2,261
Deposits with other banks and short term investments 284 282
Total interest income 15,568 13,013
Interest expense    
Deposits 2,218 2,122
Federal Home Loan Bank Advances 257 260
Other borrowings 389 274
Total interest expense 2,864 2,656
Net interest income 12,704 10,357
Provision for loan losses 1,956 131
Net interest income after provision for loan losses 10,748 10,226
Noninterest income    
Gain on sale of SBA loans 210 0
Gain on sale of securities 293 0
Other 229 327
Total noninterest income 4,561 2,334
Noninterest Expenses    
Salaries and employee benefits 7,498 5,371
Occupancy and equipment 1,318 1,025
Acquisition related expenses 287 128
Other 4,275 2,502
Total noninterest expense 13,378 9,026
Income before income taxes 1,931 3,534
Income taxes 328 699
Net income $ 1,603 $ 2,835
Net income per share of common stock    
Basic (in dollars per share) $ 0.17 $ 0.34
Diluted (in dollars per share) 0.17 0.34
Cash Dividends Paid Per Share of Common Stock (in dollars per share) $ 0.10 $ 0.08
Weighted Average Basic Shares Outstanding (in shares) 9,498,783 8,440,357
Weighted Average Diluted Shares Outstanding (in shares) 9,498,783 8,440,357
Service charges on deposits    
Noninterest income    
Non interest revenue from banking services $ 1,304 $ 964
Other service charges, commissions and fees    
Noninterest income    
Non interest revenue from banking services 1,263 900
Mortgage fee income    
Noninterest income    
Non interest revenue from banking services $ 1,262 $ 143